T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) Sets New 12-Month High – Here’s Why

T. Rowe Price Dividend Growth ETF (NYSEARCA:TDVG) hit a new 52-week high during trading on Thursday . The company traded as high as $47.53 and last traded at $47.49, with a volume of 18530 shares trading hands. The stock had previously closed at $47.08.

T. Rowe Price Dividend Growth ETF Price Performance

The company has a market cap of $1.30 billion, a price-to-earnings ratio of 24.89 and a beta of 0.80. The business’s 50-day simple moving average is $45.87 and its 200-day simple moving average is $45.56.

Institutional Investors Weigh In On T. Rowe Price Dividend Growth ETF

Hedge funds have recently modified their holdings of the company. TD Capital Management LLC acquired a new stake in T. Rowe Price Dividend Growth ETF in the 4th quarter worth about $32,000. Cornerstone Planning Group LLC acquired a new position in shares of T. Rowe Price Dividend Growth ETF in the 1st quarter valued at about $34,000. Archer Investment Corp grew its stake in shares of T. Rowe Price Dividend Growth ETF by 192.0% in the fourth quarter. Archer Investment Corp now owns 1,019 shares of the company’s stock valued at $46,000 after buying an additional 670 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of T. Rowe Price Dividend Growth ETF during the fourth quarter worth $54,000. Finally, Ameritas Advisory Services LLC boosted its position in T. Rowe Price Dividend Growth ETF by 73.7% in the 3rd quarter. Ameritas Advisory Services LLC now owns 1,374 shares of the company’s stock valued at $60,000 after buying an additional 583 shares during the last quarter.

About T. Rowe Price Dividend Growth ETF

The T. Rowe Price Dividend Growth ETF (TDVG) is an exchange-traded fund that is based on the Russell 1000 Dividend Growth index. The ETF currently has 298.89m in AUM and 103 holdings. TDVG is an actively-managed, non-transparent fund of global, large- and mid-cap companies with sustainable, above-average growth in earnings and dividends TDVG was launched on Aug 4, 2020 and is managed by T. Rowe Price.